Neighbouring occupiers include Poundland, Greggs, Halifax, Boots, McDonald's and Caffe Nero
Lot 20
Auction 10th December 2020
Rent £42,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
7 miles north-east of Portsmouth 11 miles west of Chichester 23 miles south-east of Winchester
Roads
A27, A3(M), M27
Rail
Havant Railway Station (direct to London Waterloo and London Victoria)
Air
Southampton International Airport
Situation
The property is situated on the south side of West Street, the towns prime pedestrianised retail thoroughfare. Neighbouring occupiers include Poundland, Greggs, Halifax, Boots, McDonald's and Caffe Nero.
Tenure
Long Leasehold. Held from the Council of the Borough of Havant for a term of 125 years from 25/12/1983 at a rent of 14.5% of the rental value. The current rent is £6,489 per annum exclusive.
Location
Miles
7 miles north-east of Portsmouth 11 miles west of Chichester 23 miles south-east of Winchester
Roads
A27, A3(M), M27
Rail
Havant Railway Station (direct to London Waterloo and London Victoria)
Air
Southampton International Airport
Situation
The property is situated on the south side of West Street, the towns prime pedestrianised retail thoroughfare. Neighbouring occupiers include Poundland, Greggs, Halifax, Boots, McDonald's and Caffe Nero.
Tenure
Long Leasehold. Held from the Council of the Borough of Havant for a term of 125 years from 25/12/1983 at a rent of 14.5% of the rental value. The current rent is £6,489 per annum exclusive.
Description
The property comprises three shops with retail accommodation on the ground floor and ancillary accommodation on the first floor.
Completion Period
Six Week Completion
EPC
See legal pack.
Description
The property comprises three shops with retail accommodation on the ground floor and ancillary accommodation on the first floor.
Completion Period
Six Week Completion
EPC
See legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
7
Ground First
Retail Ancillary
39.20 sq m 27.59 sq m
(422 sq ft) (297 sq ft)
TRUSTEES OF THE BRENT LODGE BIRD AND WILDLIFE TRUST (1)
5 years from 25/12/2017 on a full repairing and insuring lease
£13,500
24/12/2022
7a
Ground First
Retail Ancillary
39.48 sq m 32.89 sq m
(425 sq ft) (354 sq ft)
PDSA (2)
10 years from 12/12/2013 on a full repairing and insuring lease
£14,000
11/12/2023
7b
Ground First
Retail/Ancillary Ancillary
45.52 sq m 49.52 sq m
(490 sq ft) (533 sq ft)
INDIVIDUAL t/a Mr Simms Olde Sweet Shoppe
5 years from 22/12/2019
£14,500
21/12/2024
Total
234.20 sq m
(2,521 sq ft)
£42,000
(1) Brent Lodge Bird & Wildlife Trust is a charity registered in England & Wales, Charity No. 276179. (2) PDSA is a major registered charity(Registered charity nos. 208217 & SC037585) that was found in 1917. The PDSA operate retail shops nationwide, and 48 Pet Aid hospitals. For the year ending 31st December 2019 PDSA reported income of £96,080,000, total funs of £73,636,000. (Source: PDSA Annual Report and Accounts 2019, www.pdsa.org.uk)
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